Motor trade insurance
Who it’s for
Businesses or individuals that are involved in the motor trade industry will usually be able to purchase a business insurance package policy. The business insurance package policy available is a motor trade combined insurance policy.
Why it’s important - examples
A motor traders combined insurance policy is designed to provide, within one packaged business insurance policy, the usual types of cover that are required.
Your business is your life, protect it against those unexpted eventualities with a solid commercial insurance product.
How businessinsure can help
Not every commercial insurance want to provide a motor trade insurance quote. Let us do the searching for you.
More information
New car sales
Used car sales
MOT centres
Car repair centres
New commercial sales
Used commercial sales
Commercial vehicle repair centres
This is a brief summary of the cover available under a motor traders commercial combined insurance package policy. This is only one insurers example, others may be different, you will need to check your wording carefully.
1) Business building insurance
Do you own the building you trade from or do you have a full insuring and repairing lease? If so, you will need cover in case of fire, storm, flood etc to the bricks and mortar/roof/structure, including fixed glass.
2) All contents and stock.
Your machinery, plant, stock and particularly hand tools are very theft attractive, make sure you have adequate cover.
3) Employers, products and public liability.
If an employee is injured, you need (it is a legal requirement) to have a policy in place to cover any payouts. If someone slips on some oil in your workshop, this is public liability or if you supply a product that causes injury, illness, disease or damage then you need cover.
4) Service indemnity
If you undertake repairs, then you could be held liable if this causes injury or an accident. For example, an ill fitting brake disc could cause some serious problems. Make sure you have a proper level of cover. We recommend a minimum limit of indemnity any one loss of £5,000,000.
5) Money, business interruption, goods in transit and legal expenses.
Make sure that you speak to a business insurance broker and have an in-depth discussion about all of the covers you need or could possibly have.
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